Pay Current is a method of calculating payroll based on forecasts, or projections, of time worked. The application can obtain these forecasts from auto pay. See Auto Pay.
Before You Begin: The Pay Current feature is available only for US payroll users.
When configured, Pay Current calculates pay for full-time salaried exempt and hourly non-exempt employees and pays them automatically for the current pay period based on a forecast of their full-time equivalent.
The Pay Current method works for paying salaried exempt and non-exempt hourly employees in the following ways:
- Employees can be paid using auto pay.
- Pay for employees (salaried exempt and hourly non-exempt) can be forecasted based on their full-time equivalent.
- Exceptions to their auto pay are paid in arrears, meaning that any exceptions for a pay period will be reported and paid out in the pay period linked to the time collection period.
Because the Pay Current method is essentially calculated based on projections, you can configure the application to auto populate WFM timesheets based on forecasts of the employees' time worked and to lock those timesheets for payroll calculation.
Also, you can report exceptions in arrears without the unlocking the timesheet. This enables you to submit time away from work exceptions, such as sick days or vacation, that can be submitted and processed at any time in the calendar year in arrears. For example, if an employee reports their vacation usage for the entire year in November or December, you can submit the reported times as exceptions.